RetireAustralia investing with confidence - $160M on the Central Coast (NSW)

Jun 10 2013 Updated July 4, 2023

The Weekly Source

1 min read

RetireAustralia is the largest privately owned village operator in Australia with 25 villages and 3,400 ILUs. Since September last year it has reported very strong sales and now a strong commitment to new investment. It has built 60 new ILUs in the past 12 months at just three villages on NSWs Central Coast thats $20M. Last week it also commenced the construction of a $5M Country Club at its Foresters Beach village (pictured).

Over the next 7 years it plans to invest $160M in the Central Coast alone, building an additional 450 villas.

RetireAustralia is one of the very few to enjoy the support of international investment funds. In June last year Americas Morgan Stanley Real Estate Investing provided RetireAustralia $143 million in mezzanine debt (for 4 years).

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